Hyden, Miron & Foster, PLLC Law Blog

Thursday, March 15, 2018

5 Things You Can Do Today to Plan for the 2018 Tax Season

Planning for tax season is never fun, but 2018 may be especially daunting because of the new tax changes that went into effect as of January 1, 2018. In fact, the changes that have already taken effect are the most significant revisions to the tax code that the U.S. has seen in the past 30 years.


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Monday, February 26, 2018

Mistakes to Avoid When Naming a Guardian for Your Minor Child


What factors should I consider when naming a guardian for my child?

Naming a guardian for your minor child is one of the most important decisions you will make during your lifetime. While none of us wish to consider what might happen if we pass away while our child is still a minor, failing to appoint a guardian will leave the care of your minor child entirely up to the court. Our Read more . . .


Friday, February 16, 2018

Rethinking Entity Choice Under the Tax Cuts and Jobs Act


The new Tax Cuts and Jobs Act has made modifications and changes to a wide variety of areas in the US Tax Code. Many business owners are now considering if their choice of entity is going to make a difference in how much they will be taxed. Talking to a skilled Read more . . .


Sunday, January 28, 2018

Planning for Healthcare Costs in Retirement


How much should I anticipate spending on healthcare during retirement?

Healthcare costs are rising annually and much uncertainty exists around the future of the Affordable Care Act.  When you are planning for retirement, it is crucial that you take into account your potential medical costs.  Medicare will cover some costs for those eligible, but you will need to pay for some Medicare services, supplemental insurance, and out of pocket costs.  Our Read more . . .


Saturday, January 20, 2018

Top 5 Things To Know About Special Needs Trusts


When it comes to planning for the continued care of a child or adult with special needs, there are a myriad of details to consider. How much of your legacy can you leave them? Can you do it without jeopardizing crucial government benefits? These are all questions that can be answered by a special needs planning lawyer.


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Thursday, December 21, 2017

How to Ensure You’re Prepared Financially for Retirement


How much money will I need to save for retirement?

Retirement should be a time of relaxation and enjoyment, but financial stresses can destroy the tranquility of your retirement.  According to a recent poll of CPA financial planners, the top concern among people planning for retirement is running out of money.  Take the stress out of your retirement by starting to make your financial Read more . . .


Tuesday, December 19, 2017

Study Shows More than Half of Americans Don’t Have an Estate Plan


Earlier this year a survey was conducted that revealed Americans are alarmingly unprepared for end-of-life issues.  Most don’t have any form of will, and only about half have a durable power of attorney.  This lack of preparation can have dramatic consequences, so for most Americans this should be a wake-up call to get around to making their own plans. Not sure where to start? Consider talking with an


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Wednesday, November 29, 2017

Estate Planning Is Not Just About the Death


Who can make medical decisions on my behalf if I become incapacitated?

For single individuals without children, estate planning may seem like an unnecessary endeavor.  Some of us may simply not care who receives our assets after our death.


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Saturday, November 11, 2017

What You Need to Know When You Hold Assets in Foreign Financial Accounts


There’s nothing illegal about keeping assets in foreign accounts, and for many investors, businessmen, and other international citizens it’s a smart financial decision. But the federal government has some rules about foreign financial accounts, and if you don’t follow them you can land yourself in some very hot water. The best way to approach foreign financial matters is to coordinate with a


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Tuesday, October 17, 2017

The GOP Tax Plan and You


How might the proposed new tax plan impact my taxes?

President Trump and the GOP recently released a tax plan that it claims will benefit the middle class and small business owners.  While the plan is still being flushed out and more details are to come, it is important to review the basics of the plan now so that you can start to assess its personal impact on your family.  Our
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Sunday, October 1, 2017

Who Should I Assign As My Trustee?


We all die at some point, and it is important for us to start thinking about what will happen to our assets when we are no longer around. There are several estate planning tools to choose from. For those with few assets, a simple will may suffice. However, those with larger estates tend to use trusts. An experienced


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